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Scholars Journal of Physics, Mathematics and Statistics | Volume-8 | Issue-05
Defective and Repairable Items Unsteady Deterioration Rate Inventory Model Under Three Tired Prices and Time Dependent Demand
D.M. Patel, R.D. Patel
Published: May 22, 2021 | 124 77
DOI: 10.36347/sjpms.2021.v08i05.002
Pages: 96-104
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Abstract
Lot received or units produced are not all perfect items. A time and price dependent demand inventory model is formulated when items produced or lot received are of defective and repairable nature. Three tired pricing is considered. For different situations, expression for total profit is derived to derive optimal solution. For parameter, post-optimality computations are also done.